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Jan 31, 2013
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. >> the senate is expected to vote this afternoon on a bill to suspend the debt ceiling for three months, following the house. this would allow more house for debate on the fiscal issues we're facing. the senate version includes several republican amendments, though, including matching spending cuts for every dollar increase in the debt ceiling. those amendments expected to be defeated. the bill won't technically raise the debt ceiling, but it will suspend it until may 19th when it will be raised by the amount that the treasury borrows in the interim. that's how it's going to work. and markets, as we've been talking about on a tear this month with the dow having its best january in decades. but will yesterday's surprising drop in gdp reign in the bulls, it says here? let's get a read on the state of the economy. at least it wasn't a -- that kind of rein. there's three of them. anyway, joining us for the next hour is bob bruska. that's fao -- >> no. you cannot. >> fao economics. as becky said at the top, things are going to go really well or the market is going to have an '87 crash. >> i
. >> the senate is expected to vote this afternoon on a bill to suspend the debt ceiling for three months, following the house. this would allow more house for debate on the fiscal issues we're facing. the senate version includes several republican amendments, though, including matching spending cuts for every dollar increase in the debt ceiling. those amendments expected to be defeated. the bill won't technically raise the debt ceiling, but it will suspend it until may 19th when it will...
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Jan 28, 2013
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ceiling. how that turns out will probably dictate how 2013 happens for cat piller and maybe for the world. >> despite the cautious outlook, shares of cat are trading higher. is now the time to buy that name? 90 seconds to make the case. why is now the time. >> i like this for macro ropeses and micro. 60% of revenues are overseas. and 27% in asia. an opportunity there. u.s. construction, 25% market share, leading here. micro, doing as best they can in a challenging environment. in incremental margins better than expected. in the fourth quarter expect more throughout the year. i think guidance of $7 on the low end was no worse than expected. >> what's the problem then? >> first of all, the stock is up 20% since december 16th. i don't think what we heard about earnings or guidance justifies more than that. this is a great company. don't think it will out-perform the market. the only reason you own an individual stock because it out-performs average stock. $17 is given and they don't give us quart
ceiling. how that turns out will probably dictate how 2013 happens for cat piller and maybe for the world. >> despite the cautious outlook, shares of cat are trading higher. is now the time to buy that name? 90 seconds to make the case. why is now the time. >> i like this for macro ropeses and micro. 60% of revenues are overseas. and 27% in asia. an opportunity there. u.s. construction, 25% market share, leading here. micro, doing as best they can in a challenging environment. in...
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Jan 31, 2013
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. >> a lot of people will be saying, what debt ceiling? >> exactly. and that's the point, right? we don't really have a debt ceiling, so let's not pretend that we do. you know what i mean. anyway, still to come on the show, u.p.s., will the shipping giant deliver? we'll talk about that. ♪ [ male announcer ] make your escape... twice as rewarding. earn double points or double miles on all your hotel stays through march thirty first. sign up now at hidouble.com. >>> welcome back to "worldwide exchange." sap tander and deutsche are hit by big charges. >>> british stocks are falling after disappointing numbers from shell and warning of a tough year ahead from astrazeneca. >> shell shares are down today after the oil and gas giant reported a 13% jump in fourth quarter profits. it was shy of forecast. the company has pledged to boost the dividend after posting adjusted cps earnings of $5.6 billion of adjusted eps of 49.8 cents. in a first on cnbc interview, shell ceo peter voses sounded fairly confident. he cited the firm's cash position. >> shell is in a very good situation at the m
. >> a lot of people will be saying, what debt ceiling? >> exactly. and that's the point, right? we don't really have a debt ceiling, so let's not pretend that we do. you know what i mean. anyway, still to come on the show, u.p.s., will the shipping giant deliver? we'll talk about that. ♪ [ male announcer ] make your escape... twice as rewarding. earn double points or double miles on all your hotel stays through march thirty first. sign up now at hidouble.com. >>> welcome...
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Jan 29, 2013
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let's take a look at the next idea about the debt ceiling debate. i think this is a really important finding here, guys. we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come out of the market and that there's overwhelming sentiment that coss i solve the get problem. we asked wall street to grade our treasury secretary going out and one coming in. you can see a pretty strong sentiment that he was a seed secretary with a 2.2. jack lew, the sentiment there. 2.0. one more thing on the deficit i just want to say and maybe this is worthy of discussion here. i think this is a sign that things have improved, at these economists and guys on wall street are saying we should solve the deficit and do it now. i think if things were as bad as
let's take a look at the next idea about the debt ceiling debate. i think this is a really important finding here, guys. we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come...
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Jan 28, 2013
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at the same time, they've pushed off the debt ceiling for a few months. so the body language out of washington has been more constellatory. so when you get to this point where you think about what the deficit might look like this year, i don't think you're going to be looking at a balanced budget so soon. you can't sustain trillion dollar deficiter year after year after year doubling the debt so many years and still think that the market is going to accept that over time. they know the market needs to move away from this, but it's going to away longer process. >> kevin and mike will be with us for the rest of the hour. >> and it's time for the global markets report. kelly evans is standing by in london. i could string up a lot of thing to talk to you about, kelly. you're very close to davos. i don't know. we -- i don't really feel like i've missed anything, really. but you're still close. you could have jetted over there easily and joined in with, you know, john legend and charlie thero this e, andrew ross sorkin. >> i was hoping maybe some of those peopl
at the same time, they've pushed off the debt ceiling for a few months. so the body language out of washington has been more constellatory. so when you get to this point where you think about what the deficit might look like this year, i don't think you're going to be looking at a balanced budget so soon. you can't sustain trillion dollar deficiter year after year after year doubling the debt so many years and still think that the market is going to accept that over time. they know the market...